Right on! + }% T& W/ n( h4 t6 V# @+ Z + E- g. ?. r5 T8 u& m$ t' U; HI think I'll still stay away from US stocks that put their focus on US domestic market. International conglomerates and ADRs are still attractive since their income/assets are dominated in currencies other than US$.$ ^( m, X3 C4 d9 l- v1 S b6 k
& D0 b4 q7 J4 s8 v% F: Y5 C) NWoohoo...time to realize some profits (especially on oil and gas stocks) today! - {0 u9 M- O* }' ~, w% p* \( Y# G( O# c- H5 C. J1 [
An option for diversifying away US$ risk from personal experience - I went to Beijing to open a premium account with the Hong Kong Bank which allows me to operate the account globally. I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.7 B$ S, m( L7 a+ ^
, H( M1 s- X$ C( O8 F" ?' I" l
Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. 7 ?) t% J" F1 ]! Q4 W1 s% Q % w( g# t3 @4 T1 \0 w: N% E$ [, r7 SGO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 , e) Z& F+ ~0 ]/ x
Right on! 3 R+ ], ~8 E; @ ^; u4 v. q/ O& ]
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
% B S' X+ Z( N& ~
# g8 M4 j5 {; [, }Are you kidding? + }2 E; w" X: x! s ; [* F/ a, Z5 e3 o7 O4 C- a+ s5 b' MRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 ' m. d$ G4 E# e3 ~% a0 ]
$ t3 Q% ~7 @ Z& J K3 w1 N% `3 L* L: S# r
Are you kidding? , t$ n4 `2 Y& u% I L" \ + B& o3 B5 \2 [; @4 yRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB canno ...
( p0 e0 e" P ^& S1 c0 f' u8 F" ^ # ^& a; S' H$ Z/ m$ jBut you also need to see that there is a higher return rate on RMB assets. Think a about it. If you bought 1 yuan stock in Chinese stock market 1.5 year ago, now it will end up with 4 yuan. at the same time TSX went up only 27%